The Banner School Inc
- Assets
- $700.8k
- Revenue
- $1.8m
- Investments
- $37.2k
- Employees
- 58
- Location
- Frederick, MD
- Founding
- 06/1983
- Data as of
- 06/2021
- EIN
- 52-1254968
Organization Overview
The Banner School Inc is located in Frederick, MD. The organization was established in 1983. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Banner School Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Banner School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Banner School Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BANNER SCHOOL, THROUGH ITS LEARNING TRIANGLE AND ITS DIVERSE COMMUNITY OF LEARNERS, PROVIDES A NURTURING YET CHALLENGING ENVIRONMENT THAT MOTIVATES STUDENTS TO BECOME RESPONSIBLE CITIZENS WHO LEAD BY EXAMPLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL COSTS TO OPERATE AN INDEPENDENT PRIVATE ELEMENTARY AND MIDDLE SCHOOL - GRADES PRE-KINDERGARDEN THROUGH EIGHT.
AUXILLIARY COSTS ARE INCURRED WHICH SUPPORT THE STUDENT ACTIVITIES OF THE PRIVATE SCHOOL
FACILITY COSTS INCURRED TO OPERATE THE PRIVATE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Hassenyeh President | OfficerTrustee | 5 | $0 |
Patrice Mckellar Secretary | OfficerTrustee | 2 | $0 |
Tatiana Papantoniou Treasurer | OfficerTrustee | 5 | $0 |
Mark Leahy Trustee | Trustee | 1 | $0 |
Bob Iser Trustee | Trustee | 1 | $0 |
Dena Zook-Howell Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,032 |
| Total Program Service Revenue | $1,735,252 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,850 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,556 |
| Net Income from Gaming Activities | $730 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,815,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,166,046 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,285 |
| Payroll taxes | $89,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,374 |
| Advertising and promotion | $5,735 |
| Office expenses | $20,655 |
| Information technology | $11,008 |
| Royalties | $0 |
| Occupancy | $164,809 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,233 |
| Insurance | $97,819 |
| All other expenses | $35,638 |
| Total functional expenses | $1,821,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $583,335 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,619 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,517 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $37,195 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,183 |
| Total assets | $700,849 |
| Accounts payable and accrued expenses | $187,067 |
| Grants payable | $0 |
| Deferred revenue | $283,881 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $48,712 |
| Other liabilities | $0 |
| Total liabilities | $519,660 |
| Net assets without donor restrictions | $102,542 |
| Net assets with donor restrictions | $78,647 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $700,849 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Banner School Inc has recieved totaling $568.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $568 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heights Inc Potomac, MD | $28,496,015 | $21,762,530 |
The Foundation Schools Largo, MD | $16,377,358 | $19,826,112 |
Sanford School Inc Hockessin, DE | $33,539,309 | $20,013,159 |
Annapolis Area Christian School Association Inc Severn, MD | $29,091,894 | $17,563,578 |
Lancaster Country Day School Lancaster, PA | $75,848,302 | $20,350,115 |
Norwood School Inc Bethesda, MD | $57,964,554 | $24,196,645 |
Freire Charter School Philadelphia, PA | $7,896,247 | $17,871,218 |
Academy In Manayunk Inc Conshohocken, PA | $64,687,092 | $23,625,839 |
Congressional School Inc Falls Church, VA | $21,870,095 | $18,184,082 |
Nansemond-Suffolk Academy Association Incorporated Suffolk, VA | $19,895,333 | $17,664,822 |
Sussex Academy Of Arts & Sciences Inc Georgetown, DE | $42,610,221 | $13,826,672 |
Lowell School Inc Washington, DC | $42,214,480 | $16,545,938 |